Ally Financial Donates $50,000 to Its Dealership Communities

Yearend serves as a time for giving back, and one lender is doing its part. Ally Financial said it is donating about $50,000 to help dealership employees and communities affected by hurricanes, fires, floods and other hardships. “For those dealers who have weathered particularly challenging circumstances, some extra support can boost the wellbeing of their […]
  • Nicole Casperson
  • December 14, 2018
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Best Practices in Loan Servicing Detailed by Ally, Hyundai Capital, First Associates

The administrative aspects of servicing the life cycle of a loan from origination until pay off has become an industry in and of itself. Banks, captives, and primary loan servicers, all must pay special attention to how they are collecting principal and interest on the loan well after the borrower leaves the dealership. It is also […]
  • Nicole Casperson
  • August 15, 2018
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The 8-Second Challenge for Social Media Marketing

When it comes to developing a social media strategy, lenders must determine how to get their message across in the right channel – in less time than it takes to read this paragraph. The stakes are high because 3 billion people worldwide are active on social media, and consumers are spending an average of five […]
  • Marcie Belles
  • May 18, 2018
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Troubled Waters: Hurricanes Strain Vehicle Inventory, Boost Used Values

In the wake of the recent hurricanes — Harvey in Texas and Irma in Florida — the industry is beginning to recover, with an uptick in sales and a boost in used-car values on the horizon. “On the volume impact, we expect Harvey and Irma to [negatively] impact volume in September by less than 10%,” […]
  • Natalie Mattila
  • October 23, 2017
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Is That the Smell of Compounding Risk?

If you only looked at GM Financial’s origination volume last week, you would think auto finance was continuing on its boom-time ways. GMF grew its North American originations 19% last quarter to around $11 billion, according to company earnings released last Friday. Sing Hallelujah! Well, don’t lose your voice yet. There is a wellspring of heightening […]
  • JJ Hornblass
  • May 4, 2017
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Flat Fees and Parallels: 2 Takeaways From Toyota’s Settlement Case

If you work in auto finance, you’ve heard by now that Toyota Motor Credit Corp. (TMCC) reached a “voluntary” resolution with the Consumer Financial Protection Bureau and the Department of Justice on Tuesday, to address the alleged discriminatory practices in its loan pricing. According to the resolution, TMCC will invest $22 million to be distributed […]
  • Diana Asatryan
  • February 5, 2016
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Lenders Look to Grow Through Mobile in 2015

Competition is forecast to be high in 2015, with auto sales slowing and more lenders looking to pick up market share. Plus the elusive attention of millennials continues to be a puzzle many financiers want to solve, and some are hoping that increased mobile capability may help give them an edge in the game next […]
  • Larissa Padden
  • December 19, 2014
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